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Home World New Zealand

ASIC slams super funds over advice fees as high as A$20,000 Investment News

12 May 2024
in New Zealand
0
ASIC slams super funds over advice fees as high as A,000 Investment News
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Simone Constant: ASIC commissioner

The Australian financial regulator has warned superannuation funds over poor advice practices akin to the ‘fees-for-no-service’ scandal uncovered in the 2018/19 Royal Commission.

In a report handed down last week, the Australian Securities and Investments Commission (ASIC) found “evidence of inadequate…



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Tags: A20000adviceASICfeesFundsHighInvestmentNewsslamsSuper
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